It comes as no surprise that weddings and parties and general can cost some money, no matter how small your budget is. If you are looking for ways to generate extra or passive income to start paying for your big day, even without leaving your home, then this article is for you!
Generating An Income Without Leaving Home
If you have skills in writing, graphic design, web development, or other areas, you can offer your services as a freelancer on platforms like Upwork or Fiverr. You can set your own rates and work on projects that fit your schedule.
Skills in writing, graphic design, and web development be expanded beyond freelance work as well for things such as blog writing or creating digital products. If you do have a blog or website you can earn passive income through affiliate marketing. You can promote products or services on your site and earn a commission on any sales generated through your unique affiliate link. Check into services like UpPromote where you can be connected through an Affiliate Marketplace with a business that fits your niche.
If you’re a creative person then Graphic Design can help you create digital products like ebooks, printables, or graphics and sell them on platforms like Etsy, Gumroad, or TeachersPayTeachers. Once the product is created that one digital item can sell over and over, hundreds and hundreds of times, earning you passive income from sales.
When selling digital products the possibilities are endless! Create anything from digital bookmarks, coloring sheets, invitations, and more on Etsy. If you already know how to create these items and are ready to start selling on Etsy you can use this LINK to obtain 40 free listings when you sign up. You can also read more about Ety’s fees HERE and their handbook HERE.
Another way to make income from Digital Products is to create educational printables that you can sell on TeachersPayTeachers and Etsy. This can be anything from Tracing Worksheets to Counting Clip Cards. If you would like to learn how, step-by-step, to create educational printables to sell on TeachersPay and Etsy you can sign up for the “Creating Educational Printables” and learn how to make educational products that sell.
Speaking of online courses, if you have expertise in a particular area, you can create your own online course and sell it on platforms like Udemy, Skillshare, Teachable, or Podia. Facebook and Instagram Ads are a great way to market your course. Once the course is created, you can earn passive income from sales. Unlike digital products, this may not be a “create it and forget it” type of passive income as the video or course itself may need to be updated to stay on top of changes and updates with certain programs. Of course, this will depend on your niche.
Passive Income Made Outside!
Not everyone wants to be in the house 24/7. Some people feel they are doing more by working outside of the home. Some of these ideas can also be considered hybrid, meaning some do require a mix of online and in-person work.
One of these hybrid passive income ideas would be participating in market research. You can participate in market research studies and earn extra cash, either in person or online. Companies often pay people to take surveys or participate in focus groups to gather feedback on products and services. When these are done online they are done via Zoom or other online means like testing out a new product and filling out a survey to provide feedback.
If you’re an animal lover, you can offer your services as a dog walker or pet sitter. You can advertise your services in your local community or through platforms like Rover or Wag.
Selling unused items, renting out that extra room, or even renting out your car are great ways to generate extra income! Look around your house for items you no longer need or use and sell them online through platforms like eBay, Poshmark, or Facebook Marketplace. You can also sell items locally through garage sales or consignment shops.
If you have a spare room, parking space, or storage space, you can rent it out on platforms like Airbnb or Neighbor. This allows you to earn extra income without having to take on a second job.
You can sign up to be a ride-share or delivery driver for platforms like Uber, Uber Eats, GrubHub, or DoorDash. You can work on your own schedule and earn money delivering food and other items.
Similar to renting out your space, can also earn passive income by renting out your car on platforms like Turo or Getaround. This allows you to earn money from your vehicle when you’re not using it.
How to Earn Money By Investing Money
While some of the previous ideas have little to no startup cost these ideas will take some money backing to make a profit. One of these is Peer-to-peer lending. Peer to Peer lending platforms connects borrowers with investors, allowing investors to earn interest on their investments. You can lend money to individuals or small businesses and earn passive income from the interest payments. This can work for you both ways. Either by borrowing the money you need for the event and repaying it later or taking a risk and lending out money with the expectation of making it back plus interest.
You can invest in a rental property and earn monthly income from the rent. Rental income can be a great source of passive income, especially if you can find a property with low maintenance and upkeep costs. Another option would be to look into vacation rentals. You may need to check with your local city, state, or county laws on how operating vacation rentals work in your area.
Investing in dividend stocks can also provide you with passive income. Dividend stocks are shares in companies that pay regular dividends to their shareholders. These dividends can be reinvested or used to supplement your income.
These are just a few ideas to get you started on generating extra and passive income. Remember, it’s important to choose a strategy that aligns with your skills, interests, and financial goals. Good luck!